đ„ $RENDER /USDT Technical Analysis đ„
Current Market Overview:
Current Price: 5.027
USDT24h Change: -1.72%24h
High: 5.170 USDT24h
Low: 4.905 USDT24h Volume
(RENDER): 2,075,554.52
RENDER24h Volume (USDT): 10,431,608.89 USDT
đ Chart Analysis:
The RENDER/USDT pair is showing signs of bearish momentum with the current price dropping below the key resistance level. The downward slope of the 7-day and 25-day moving averages indicates that the bears are holding control, though the price is currently hovering near a critical support level.
Moving Averages: MA(7): 5.024
USDTMA(25): 5.028 USDTMA(99): 5.170 USDT
đ Technical Indicators:
Amplitude: 0.12% - The low amplitude suggests reduced volatility, which could signal consolidation before a breakout.
RSI:
Trending towards oversold territory, which could indicate a potential reversal or further downside if breached. Volume: The recent sell-off volume suggests that traders are taking profits or cutting losses, adding to the bearish sentiment.
đŻ Price Targets:
First Target: 5.00 USDT - A short-term target where the price may test the psychological support level.
Second Target: 4.90 USDT - A mid-term target that could be reached if the bears maintain their dominance, breaking through minor support levels.
Third Target: 4.70 USDT - A long-term target if the bearish momentum accelerates, pushing the price down to a significant support level.
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